Jefferies Group LLC Sells 82,745 Shares of CarMax, Inc (KMX)

Jefferies Group LLC decreased its holdings in CarMax, Inc (NYSE:KMX) by 61.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,708 shares of the company’s stock after selling 82,745 shares during the quarter. Jefferies Group LLC’s holdings in CarMax were worth $3,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Akre Capital Management LLC lifted its position in CarMax by 1.8% in the 2nd quarter. Akre Capital Management LLC now owns 5,254,491 shares of the company’s stock valued at $382,895,000 after acquiring an additional 92,325 shares in the last quarter. Madison Investment Holdings Inc. lifted its position in CarMax by 10.3% in the 2nd quarter. Madison Investment Holdings Inc. now owns 1,324,413 shares of the company’s stock valued at $96,510,000 after acquiring an additional 123,536 shares in the last quarter. Giverny Capital Inc. lifted its position in CarMax by 16.3% in the 2nd quarter. Giverny Capital Inc. now owns 1,269,874 shares of the company’s stock valued at $92,536,000 after acquiring an additional 178,286 shares in the last quarter. Blair William & Co. IL lifted its position in CarMax by 30.2% in the 3rd quarter. Blair William & Co. IL now owns 1,085,489 shares of the company’s stock valued at $81,053,000 after acquiring an additional 251,554 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in CarMax by 4.0% in the 3rd quarter. Wells Fargo & Company MN now owns 962,462 shares of the company’s stock valued at $71,868,000 after acquiring an additional 36,934 shares in the last quarter.

Shares of KMX stock opened at $62.56 on Friday. The company has a quick ratio of 0.52, a current ratio of 2.35 and a debt-to-equity ratio of 3.78. CarMax, Inc has a 12-month low of $57.05 and a 12-month high of $81.67. The company has a market cap of $11.27 billion, a PE ratio of 16.91, a P/E/G ratio of 0.94 and a beta of 1.60.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, September 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.02. CarMax had a net margin of 4.12% and a return on equity of 22.26%. The company had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the business posted $0.98 EPS. CarMax’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that CarMax, Inc will post 4.64 earnings per share for the current fiscal year.

In other news, SVP Mohammad Shamim sold 34,142 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $74.16, for a total transaction of $2,531,970.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 16,325 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $70.88, for a total transaction of $1,157,116.00. Following the sale, the senior vice president now owns 16,325 shares of the company’s stock, valued at approximately $1,157,116. The disclosure for this sale can be found here. Company insiders own 1.97% of the company’s stock.

KMX has been the topic of several recent analyst reports. Zacks Investment Research cut shares of CarMax from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. Wolfe Research initiated coverage on shares of CarMax in a research report on Tuesday, October 2nd. They set a “peer perform” rating on the stock. ValuEngine raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Wedbush reissued an “outperform” rating and set a $85.00 target price on shares of CarMax in a research report on Thursday, August 16th. Finally, Robert W. Baird raised shares of CarMax from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 27th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $83.93.

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CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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